SpiceXpress, subsidiary of SpiceJet will receive an investment of $100 million from UK-based SRAM and MRAM Group. Both sides have signed a Memorandum of Understanding (MoU) as part of the investment d...
Leila Lands, a Mauritius-based Wadia Group company took loans worth $300 million from Deutsche Bank in FY 2021-22, the same period the company created fixed deposits worth 190 million which were used ...
The Indian Government is planning to inject $36.5 million into Alliance Air as the airline continues to face financial crunch and pilot strikes. The airline stands to benefit greatly from the timely e...
The planned IPO of Virgin Australia is on track with Bain Capital set to give shareholders a capital return of $730 million and provide a one-off bonus to all employees in June. The announcement was m...
Thai Airways has returned to profit in Q1 of 2022 with a net income of 12.51 billion baht in the Q1 of 2023, a significant rise over net loss of 3.25 bn baht incurred during the same time last year. ...
Aircraft engine manufacturer Pratt & Whitney Canada is to spend $10 million on upgrading its component repair facility in Wichita Falls, Texas. The outlay, which the engine maker said "is expected to ...
Archer Aviation, a developer of electric vertical take-off and landing (eVTOL aircraft), reported a net loss of $113.1 million for the first quarter of the year (Q1 2023) as operating expenses hit $11...
Nina Öwerdieck is to stay on as Brussels Airlines' chief financial officer for five more years, the Lufthansa Group airline's board has announced. Öwerdieck has been part of the Brussels Airlines’ man...
National airline Air Canada's first quarter revenue (Q1 2023) jumped $2.3bn year-on-year to a record of almost $4.9bn. The company put the quarterly results, which included a 10% revenue increase comp...
Norwegian reported a first quarter 2023 operating loss (EBIT) of NOK 916 million, with the loss before tax (EBT) amounting to NOK 992 million. The carrier said that its liquidity improved through the ...
The Emirates Group posted a record profit of $ 3.0 billion compared with $1.0 billion loss for 2022. For the financial year ending March 31 2023, the Group reported a revenue was $ 32.6 billion an inc...
Rolls-Royce's financial performance is improving, the company announced on May 11, ahead of its annual general meeting (AGM) taking place the same day. The company said the improvement has been "drive...
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